AAPL 540 weekly calls - 2 contracts at 0.43

Bought AAPL 540 weekly calls, 2 contracts at 0.43. Similar idea as my previous thread, but not an expected 10x return - more like a 5x.

 

Good luck mate

Actually I am liking your style

 

If there is no earning related information, I think you would lose your premium on this one, but I sincerely hope that I am wrong and that you make more than you want.

 

540/535 spread is at 5 to 1, and you are thinking at most 5 to 1, which is at best break even. The prices seem to say that, on average, the ass of your trade would be handed to you tomorrow.

 

You should have bought the Nov1 540 weekly option

 

actually I might think of selling these as part of a vertical with 5 point spread the 540/545 credit spread, should I get filled at favorable prices. That will be like free money

 

Something to consider.

When GOOG reported the surprise trade was up.

In AAPL the surprise trade would be down you betting against the surprise trade which typically means, right or wrong, premium loss.

 

This will expire worthless.

 

That could be even worse. Did you consider the possibility of a down move?

 

At least you are being honest now with your calls.

Losses happen. The goog trade will pay for many of these.